Health

Herbalife Stock Drops 51% in 2014 Amid Falling Profit and Probes

The company Herbalife at the New York Stock Exchange. (AP Photo)
The company Herbalife at the New York Stock Exchange. (AP Photo)

 

(Los Angeles Times) – It’s been a painful year for Herbalife Ltd.

After an upbeat 2013, the Los Angeles nutritional products company’s stock plunged more than 50% this year amid declining profit and numerous investigations by federal and state agencies.

In March, the Federal Trade Commission said it had opened a civil investigation of Herbalife. State attorneys general in New York and Illinois also launched inquiries of the company, as did the FBI. None of the agencies has taken action, but the news battered the company’s stock.

Herbalife faced more bad news in October, announcing it would pay $15 million to resolve a class-action lawsuit that said it had victimized thousands of its distributors. The company did not admit wrongdoing, but said it would settle to avoid the expense of a protracted legal fight.

READ MORE

Tags
Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *


By submitting this form, you are consenting to receive marketing emails from: Washington Informer Newspaper, 3117 Martin Luther King Jr. Ave SE, Washington, DC, 20032, http://www.washingtoninformer.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Back to top button

My News Matters to me - Washington Informer Donations

Be a Part of The Washington Informer Legacy

A donation of your choice empowers our journalists to continue the work to better inform, educate and empower you through technology and resources that you use.

Click Here Today to Support Black Press and be a part of the Legacy!

Subscribe today for free and be the first to have news and information delivered directly to your inbox.


By submitting this form, you are consenting to receive marketing emails from: Washington Informer Newspaper, 3117 Martin Luther King Jr. Ave SE, Washington, DC, 20032, http://www.washingtoninformer.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact
Close

Adblock Detected

Please consider supporting us by disabling your ad blocker